Apply for the LSETF MSME Loan (From N50,000 To N5,000,000)
Running a business in Nigeria can come with a lot of challenges, but the Lagos State Employment Trust Fund (LSETF), through its LSETF MSME Loan, is set to ensure that funding is not one of them. Read more about Opportunities MSMEs are expected to apply for the LSETF MSME Loan to access loans ranging […]
Apply For the Sterling Bank N5 Billion SME Loan Program
Sterling Bank, in partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has launched a N5 billion loan program to drive Nigeria’s business growth. Read more about Opportunities The single-digit interest rate loan is targeted at providing financial support and expansion for small and medium enterprises (SMEs) in Nigeria. The Sterling […]
Loan Repayment Strategies
As we wave goodbye to 2023, many of us are thinking about fresh starts and new beginnings. One powerful way to kick off 2024 on the right foot is by getting a handle on our loans and debts. Repaying loans not only frees up your financial space but also sets you up for a […]
SMEDAN Launches ₦5 Billion Loan Program for Over 10,000 SMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it is partnering with Sterling Bank to disburse ₦5 billion in loans to over 10,000 small and medium-scale businesses in Nigeria. Leading representatives of both institutions were at an event where a Memorandum of Understanding concerning the deal was signed. Read more about Business […]
How to Get a Small Business Loan in Nigeria Right Now
You may not always have all the money you need to run your business at your disposal. Sometimes, you’ll need to raise funds to finance important operations or meet outstanding obligations. And when such moments come, you’ll want to be able to settle the associated bills. When this is the case, securing a small […]
5 Essential Steps After Securing a Business Loan
Congratulations! You’ve just taken a significant step in your business journey by securing a much-needed loan. It’s an exciting time, but also one that demands strategic planning and thoughtful execution. In this piece, we’ll walk you through five essential actions to take after receiving a business loan, ensuring you make the most of this […]
Register Your Business with SMEDAN to Access Loans, and More
SMEDAN – the Small and Medium Enterprise Development Agency of Nigeria – has embarked on a mass registration of MSMEs in Nigeria. Businesses which register with the agency are eligible for loans, grants, insurance, training and other forms of government and private sector support. Read more about Business What is SMEDAN? SMEDAN is a […]
How Lending Platforms in Nigeria Can Overcome Poor Loan Repayment
Nigeria is an emerging market with so many people in dire need of loans to pay off their bills or invest in their businesses. Hence, the country has seen the sporadic establishment of lending platforms, scattered across the country. For example, there are over hundreds of lending platforms in the country, including Specta, Rapid […]
6 Things You Should Do Before Applying For A Digital Loan
In the past, most regular people could not get loans from banks. Starting about a decade ago, online lending platforms emerged to fill this gap. They offered the public an easy and convenient way to apply for and get loans. All that users had to do was to register on loan apps, apply for loans, […]
Loan Shark And How It Works
There are times when people, especially business owners, run out of funds and as a result of their desperation, they end up borrowing money from the wrong set of individuals known as Loan Sharks. Read more about Finance A loan shark is an unlicensed person or an entity who offers loans illegally and at extremely […]
Instant Loan Apps: Things You Should Consider Before Using Them
Nigerians have snapped up the loan offerings from digital lenders with great enthusiasm. That’s partly because loan apps provide something that the banks have scarcely delivered: small amounts of credit that borrowers can access relatively quickly. Read more about FinTech But it’s not all been plain sailing with these platforms. Many borrowers have struggled to […]
Instant Loan Applications In Nigeria
Life is full of uncertainties and there comes a time when we would need money urgently maybe for some personal use, business, or for some other problems that require financial attention. We may need to source for funds to pull through and getting a quick loan might be the fastest way to secure funds. Read […]
Top 10 Digital Lending Companies In Nigeria
There’s a high demand for credit in Nigeria. Individuals and businesses numbering in the millions want loans that’ll help them finance their lifestyles and operations. But traditional lenders—such as commercial, microfinance, and mortgage banks –aren’t able to meet everyone’s needs in this domain. Read more about FinTech Digital lending companies have arisen to plug […]
N150M Up For Grabs In The CBN Tertiary Institutions Entrepreneurship Scheme Loan
There is a call for applications for the Tertiary Institutions Entrepreneurship Scheme (TIES) Loan. The scheme is an initiative targeted at empowering graduates of Nigerian Polytechnics and Universities with entrepreneurial skills for Entrepreneurship Development, Economic Development, and Job creation. Read more about Opportunities Objectives Of The Scheme The broad objective of the Scheme is […]
5 Tips To Applying For An SME Loan In Nigeria
In Nigeria today, many great business ideas die because of funding. Not because the business idea is trash, or because the business owner did not do their best but simply because of the necessary funding needed to expand. Read more about Business On the other hand, there are financial institutions whose main function is […]
4 Reasons Your Business Needs A Loan
The age-long challenge with small businesses is insufficient funding. It is feasible that when a business gets this settled, much of its headaches will be eliminated. This means that every business strives for funding. Read more about Business As a business owner, you need to invest immensely and wisely in procurement, production, advertising and […]